Price correction factor for ALR shares in BET-XT-TR index starting from January 7th


Bucharest Stock Exchange (BVB) announces that, starting from 7th of January 2019, the share price correction factor ci,T for 2018 partial dividends of ALRO S.A. (ALR) that will be considered in calculating the BET-XT-TR index is 1.173816.

The value of ci,T for ALR was determined according to the 4.2.4 article of BVB index management rules:

“4.2.4 Distribution of cash dividends

If an index constituent decides to distribute cash dividends to its shareholders, regardless of their source, the price correction factor ci,T is determined as follows:


Pi,T-1   : closing price of symbol i at time T-1;   

Di,T    : gross dividend payable for symbol i, for which time T is the ex-date”


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